“Election uncertainty continues to affect market sentiment, delaying customer conversions and stalling purchasing decisions. Monsoon outlookOn monthly retail sales, FADA highlighted that the 2W segment saw notable growth due to improved supply and the increasing demand for 125cc models. The PV category also experienced double-digit YoY growth, supported by enhanced model availability and favourable market sentiment, particularly around festivals like Navratri and Gudi Padwa. Sales rose by 16 per cent YoY to 3,35,123 units during the month (2,89,056 units). The CV segment showed modest 2.31 per cent y-o-y growth in domestic retail sales to 90,707 units last month (88,663 units).

Source: The Hindu May 09, 2024 00:41 UTC